RMD Calculator

As of the SECURE 2.0 Act, RMDs must begin at age 73 for those born between 1951–1959, and age 75 for those born in 1960 or later. Your first RMD is due by April 1 of the year after you turn the applicable age. Subsequent RMDs are due by December 31 each year.

Your RMD is calculated by dividing your retirement account balance (as of December 31 of the prior year) by the IRS life expectancy factor for your age. For example, at age 73 the factor is 26.5, so a $500,000 balance would require a $18,868 withdrawal.

The penalty for missing an RMD was reduced from 50% to 25% by the SECURE 2.0 Act, and can be further reduced to 10% if corrected promptly. On a $18,868 RMD, the 25% penalty would be $4,717. Always take your RMD on time.

No, Roth IRAs do not have RMDs during the original owner's lifetime. This is one of the biggest advantages of Roth accounts. However, inherited Roth IRAs do have distribution requirements for non-spouse beneficiaries under the SECURE Act.

Yes, you can withdraw more than the RMD at any time. However, excess withdrawals cannot be applied to future years' RMDs. Taking larger distributions may make sense if you are in a lower tax bracket or want to reduce future RMDs and the associated tax burden.